Kohls Corp (KSS)
Payables turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 16,759,000 | 17,445,000 | 17,625,000 | 17,714,000 | 17,874,000 | 17,580,000 | 17,716,000 | 17,772,000 | 17,753,000 | 17,307,000 | 17,030,000 | 16,352,000 | 15,591,000 | 16,130,000 | 16,388,000 | 17,466,000 | 17,028,000 | 16,925,000 | 15,483,000 | 15,083,000 |
| Payables | US$ in thousands | 1,134,000 | 1,918,000 | 1,376,000 | 1,310,000 | 1,330,000 | 2,014,000 | 1,497,000 | 1,679,000 | 1,683,000 | 2,135,000 | 1,495,000 | 1,378,000 | 1,476,000 | 2,184,000 | 1,064,000 | 1,866,000 | 1,206,000 | 2,454,000 | 1,330,000 | 1,295,000 |
| Payables turnover | 14.78 | 9.10 | 12.81 | 13.52 | 13.44 | 8.73 | 11.83 | 10.58 | 10.55 | 8.11 | 11.39 | 11.87 | 10.56 | 7.39 | 15.40 | 9.36 | 14.12 | 6.90 | 11.64 | 11.65 |
February 3, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $16,759,000K ÷ $1,134,000K
= 14.78
The payables turnover ratio for Kohls Corp has shown some fluctuation over the past few quarters. The ratio peaked at 15.40 in August 2020, indicating that the company was able to manage its accounts payable effectively, possibly by paying off its suppliers quickly. However, the ratio dipped to 6.90 in November 2019, suggesting a potential slowdown in the company's ability to convert its accounts payable into cash.
Overall, the average payables turnover ratio for Kohls Corp over the periods provided is approximately 10.85, indicating that, on average, the company is able to turn over its payables about 10.85 times within a year. This suggests that the company is managing its accounts payable efficiently. It is important to further investigate the reasons behind the fluctuations in the payables turnover ratio to gain a deeper understanding of Kohls Corp's financial management practices.
Peer comparison
Feb 3, 2024